Dear BitMart Users,
We're pleased to announce that our staking platform officially launched today, December 4, 2019. Through the staking platform, every BitMart user can earn staking rewards on a monthly basis by easily holding specific tokens. Locking-up is not required and users can still trade their tokens any time they want!
I. Tokens That We Currently Offer Staking
|Token Name||Start Date||Link|
|DASH (DASH)||Dec. 4, 2019||DASH Staking|
|QTUM (QTUM)||Dec. 4, 2019||QTUM Staking|
|ATOM (ATOM)||Dec. 4, 2019||ATOM Staking|
|ALGO (ALGO)||Dec. 4, 2019||ALGO Staking|
II. Minimum Holdings & Estimated Annual Yield
- The minimum holdings (including pending orders) of DASH is 1 DASH, the estimated annual yield is 8%.
- The minimum holdings (including pending orders) of QTUM is 1 QTUM, the estimated annual yield is 8%.
- The minimum holdings (including pending orders) of ATOM is 5 ATOM, the estimated annual yield is 11%.
- The minimum holdings (including pending orders) of ALGO is 8 ALGO, the estimated annual yield is 15%.
III. Staking Rewards Calculation
Take DASH Staking as an example, all BitMart users who hold at least 1 DASH on their BitMart account will be eligible to earn additional DASH as staking rewards on a monthly basis.
DASH Staking distribution will be calculated as follows:
User's Dash Earnings = Total DASH staking rewards received by BitMart * User's DASH holdings ratio (User's DASH holdings ratio = User's DASH holdings / Total DASH staked by BitMart)
IV. Staking Rewards Distribution
According to the calculation formulas above, all staking rewards will be calculated on a daily basis and distributed on a monthly basis. The staking rewards for the previous month will be distributed no later by the 9th day of the month after. Therefore, the first monthly staking rewards will be calculated base on the average daily holdings from December 4, 2019, to December 31, 2019, and will be distributed no later than January 9, 2020. On the 1st day of each month, we will automatically start a new round of the staking rewards calculation.
V. Our Advantages
- Low Barriers. Users can earn staking rewards without setting up nodes, worrying about minimum staking amounts, time lengths, or any other complicated requirements. Users just need to keep a balance in your BitMart account and earn!
- Maximum Rewards. We believe that users should earn the full amount of rewards on their deposits. Upon launch, BitMart will not be charging a fee on any staking operations. We will work to maximize the amount earned via staking while maintaining industry-leading security.
Additional Bonuses. Last but not least, BitMart will support, in conjunction with project teams, additional promotional rewards to incentivize users to stake on BitMart. These rewards will be distributed on a case-by-case basis.
ATTENTION: Cryptocurrency investment is subject to high market risk. Please make your investments cautiously. BitMart will make its best effort to list only high-quality coins, but will not be responsible for your investment losses.
Thank you for supporting BitMart!
December 5, 2019